quit claim deeds to remove liability

[Daniel Patterson]

If I own an investment property that is not in my wife's name and do a quit claim deed on our home that we own together, making my wife the sole owner of our home, will that remove the chance of any legal action made by a renter etc...? In other words can someone sue me and be rewarded equity of our home if my name is not on the deed?

[Rick Pozos]

Ask your insurance agent about an umbrella insurance policy. That will give you some protection. No one is ever 100% covered, but you want to cover what you feel most vulerable. 

I would not start moving deeds. Take care of your properties and your tenants and your chance of getting sued goes down dramatically.